On October 27, MP Materials Corp. rose 5.31% in Regular Trading, trading at $39.18 per share, with turnover of $22.16 million.
The move coincided with continued strength in US-listed rare earth names. Recent trading in the group has been active, with CRITICAL METALS CORPORATION rising 8.0% and USA Rare Earth Inc. up 6.73%, pointing to a broader sector-linked lift for MP Materials Corp.
Background data also showed the company reported June-quarter revenue of $108.5 million, above the $96.9 million market expectation, while adjusted loss narrowed to $0.01 per share. Earlier in October, Deutsche Bank lowered its price target to $53 from $58, though the broader analyst mean target stood at $77.16. MP Materials Corp. is scheduled to report its next results on November 5.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments